By Laura Blewitt | BloombergBusiness | Drivers in Chicago and other parts of the Midwest may see gasoline prices at the pump fall to 99 cents a gallon as regional stockpiles swell. Average Illinois retail gasoline prices have dropped 34 percent in the past year to $1.57 a gallon, while Oklahoma motorists can fill up […]Continue Reading →
By Reuters via Upstream | Global oil markets fell 3% to settle down for a third straight day on Monday on worries that US crude stockpiles had reached new record highs, while a Saudi-Venezuela meeting to boost prices showed little progress.
Oil was also hurt by tumbling US equity markets amid persistent fears about […]
A mixes Asian market last night only slumps in the end and has the global markets on edge, once again trading on fear. On this Fat Tuesday we have plenty of earnings to decipher and reports today. This morning at 7:30 A.M. we have Wholesale Trade, at 11:00 A.M. the monthly Crop Production USDA Supply/Demand […]Continue Reading →
DJ U.S. February Grain, Soybean Stockpiles Estimates – Survey
CHICAGO–The following are analysts’ estimates for U.S. stockpiles in millions of bushels at the end of the 2015-16 marketing year, which ends on Aug. 31, 2016, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated tables at […]
Oil prices are rising this morning in what the International Energy Agency (IEA) calls a false dawn. In the most recent report, the IEA predicted a bleak outlook for the global oil market and the prospects for economic growth in the U.S., Europe and China. Despite acknowledging that global energy demand surged to a 5-year […]Continue Reading →
General Comments: Cotton closed lower, but recovered from sharply lower prices seen early in the session. The market will be watching what happens to the USDA reports later this morning for clues of the next price move. The demand side of the market was quiet yesterday as many Asians were on holiday. China […]
Congrats to the Denver Broncos and future Hall of Famer Peyton Manning for their upset win (to some out there) in last night’s Super Bowl. Peyton is a mere shell of his former self as many injuries, particularly neck surgeries, have taken their toll. How many have the chance to go out on top and […]Continue Reading →
General Comments: Cotton closed lower before the weekend and the world holidays this week. The most important holiday for Cotton is Tet, which is today and tomorrow. China and almost all of Southeast Asia are closed for the next few days as the celebrations for the new year move into high gear. Futures […]
We could use some Super Bowl Monday revelers to create some excitement in today’s marketplace. In the early going with all the bad news it feels like were in the losing teams locker-room. It is the same old story of trading fear with concerns of China’s growth is a bubble or not a bubble. The […]Continue Reading →
Financials: Mar. Bonds are currently 1’03 higher at 164’11, 10 Yr. Notes 15.5 higher at 130’27 and 5 Yr. Notes 10 higher at 121’11. Friday’s Unemployment Report showed a disappointing increase in non-farm payrolls of 151,000, well below expectations of 188’000 pushing rates to new lows. Late last week we sold out of the long […]Continue Reading →
Gloom and doom is taking hold Monday on global markets and oil falls and gold rises. Recession fears are rising as the European stock markets hit 15-month lows raising more concerns about global energy demand. In China they are celebrating the Chinese New Year so other Asian markets were higher but oil is fighting a […]Continue Reading →
DJ U.S. December Grain Exports – Feb 5
In kilograms (top) and in bushels (bottom), except flour in cwt and malt in pounds. /1 denotes includes commercial and donated. Source: U.S. Department of Commerce.
(*)NOTE: Year ago figures reflect data reported at that time.
Data includes Exports and Re-Exports.
——- In […]
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